To have a Peanut Buter Jelly Time is to share a tasteful and wonderful experience with your lover. To have a Peanut Butter Jelly Time, do the folling; 1) Pick weather you want to by peanut butter or jelly. 2) Take the item that you chose to be, and spread it on your whole body, and have your lover do the same with their item (or spread them on each other). Very sexy! 3) Have sex in a position that involves you to face your lover(example: 69). This will give the effect of it to look like a peanut butter sandwich. 4) Have fun! Lick off yourself or your lover, if desired. It can be very sticky, so enjoy!

"Oh ya, baby, I love what you are doing, but can we please have a Peanut Butter jelly Time?"

"Last night I was with my man, and we had an exultant Peanut Butter Jelly Time! And, this time, I was the peanut butter! Yum."

A sexual act in which a male alternates between inserting his penis in a woman's anus and vagina specifically when the woman is menstruating. Fecal matter deposited on the penis is referred to as the "Peanut Butter" due to its thick brown appearance and menstrual secretions are attributed to be the "Jelly" due the pasty red residue resembling strawberry jam. For added effect this act can be performed to the song with the same name, "Peanut Butter Jelly Time."

I heard the "Peanut Butter Jelly Time" song the other day and I had a sudden urge for some real Peanut Butter Jelly Time! My girlfriend just happened to be menstruating so I called her over for some good old fashioned fun. Things got rather messy but boy was it worth it!